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Council accepts $325,000 offer, converts city cell‑tower lease to 99‑year easement
Summary
The council approved an Octagon Towers LLC proposal to convert the city’s existing cell tower lease at 1299 North David Drive into a 99‑year easement in exchange for a one‑time payment of $325,000. Council manager recommended the lump‑sum easement over a 40‑year extension.
The City Council voted April 2 to accept Octagon Towers LLC’s proposal to convert the city’s existing cell‑tower lease at 1299 North David Drive into a 99‑year easement in exchange for a one‑time payment of $325,000.
City staff summarized two proposals from Octagon Towers: a 40‑year extension of the current lease for a longer recurring…
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